I admit my wife has a MUCH better sense of direction than I. My apologies for embarrassing all husbands. When Garmin came out with a GPS, I immediately purchased one and I fell in love. You put in your destination and the computer figures out the best route. You specify scenic, fastest route. interstate or few tolls, etc. We can tailor our journeys while all arriving at OUR destination. A wealth ...
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Good Morning Readers! Wishing you all a belated Happy Easter; Happy Passover; and a WONDERFUL WEEK! Has the stock market bottomed? Covid-19 has caused over 100,000 global deaths and tens of millions are unemployed in the U.S. The U.S. lost more than 16 million jobs over the past three weeks which is ~10% of our overall workforce. The number filing for unemployment benefits last week totaled more than 6 million, tying a ...
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Vice President Pence was criticized when he stated the best way for the American people to calm down - “turn off the television sets”. I happen to agree, as the media is feeding the panic. I work from home and keep a business/investment channel on my televisions. But often mute the televisions because I do not want to hear paid “Talking Heads” reading or making up their opinions. The enemy of ...
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{Continuation from last week’s blog:} WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS? https://wealthbuildingpowers.com/2020/02/24/when-the-u-s-has-a-cough-the-rest-of-the-world-catches-a-cold-what-happens-when-china-has-a-coronavirus/} Last week I attended several sessions where U. S. Administration officials, including Vice President Pence, discussed the Coronavirus, known risk and actions the U. S. has and is taking. Fifty-nine countries are reporting Coronavirus cases and as of March 1, 2020, there has ...
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Have you heard of the “Rule of 72”? This simple rule helps your HARD-EARNED MONEY grow! The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return. The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account? ...
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RULE # 1: If your debt interest rate is higher than your targeted investment return, than prioritize paying off debt. Place your money where it does the most good. https://wealthbuildingpowers.com/2018/04/05/four-steps-to-achieve-financial-freedom-by-becoming-debt-free/ If you want to invest in the S&P 500 ETF, which averages about eight to ten percent annual returns you should prioritize paying off HIGH INTEREST credit card debt which can be as high as ~30%. The good news, student loan interest ...
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Every successful individual regardless of the field, did so by outworking the competition.
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Warren Buffett with an estimated net-worth of ~$90 billion is considered the world’s best stock investor Mr. Buffett stated, “the S&P 500 ETF index fund is the best investment MOST Americans can make.”
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I consider the Roth IRA one of the best available financial and investment tools. Saving in a Roth IRA early was one of my best decisions!
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I write my annual goals each January, including Net-Worth target. When I started calculating and setting an annual net-worth target, I took better control of my wealth creation. Calculating your 2019 December, net-worth is like taking a picture of a house you are rehabbing. From that picture you determine the improvements you plan to work towards for the next 12 months THREE KEY REASONS Net - worth is the most ...
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